Commercial Loan Coordinator
Description
The Commercial Loan Coordinator manages workflow to ensure the accurate and timely delivery of loan documents in alignment with Service Level Agreements (SLAs).
Here's what you can expect from the job and what you need to be successful:
Job Duties
- Manage the loan process with internal and external stakeholders, including attorneys, borrowers, vendors, title companies, brokers, analysts, and underwriters to meet SLAs
- Review and audit loan files for complete information, including entity documents, appraisal/values, title forms, certifications, collateral information, approved narrative, and other commercial loan documents
- Ensure compliance with lending regulations and internal controls for accuracy, timeliness and documentation
- Act as intermediary between broker partners and closing/settling agents
- Prepare the loan closing instructions process for the borrower/broker and title company, verifying that all closing conditions have been met
- Prepare and review internally-prepared and attorney-prepared loan documents prior to booking and funding to ensure loan covenants, rate, margin, borrower, and guarantors match the loan approval and credit memo
- Ensure and execute loan funding upon verification of all documentation
Essential Skills
- Minimum one year experience in commercial lending
- Strong knowledge of regulatory and compliance lending guidelines
- Basic knowledge of accounting principles and practices
- Ability to identify existing and potential issues and recognize the legal, transactional, and business implications of existing and omitted document
- Strong analytical and problem solving skills; ability to resolve complex issues with minimal direction
- Demonstrated excellent attention to detail and accuracy
- Ability to work autonomously to manage time effectively and prioritize work appropriately to meet deadlines
- Strong business communication skills; able to write/speak clearly and professionally for a variety of stakeholders
- Demonstrated ability to establish credibility and rapport with internal and external stakeholders
- Proven ability to maintain confidentiality and professionally handle sensitive documents
- Proficiency with LaserPro
- Strong working knowledge of Microsoft Office Suite
- Minimum Education: Bachelor’s degree in Business Administration or other related fields of study is preferred, or equivalent work experience; Minimum of 9 credit hours of accounting is preferred
Location: Hillsboro, OR 97124 | (HYBRID)
Target Compensation in Hillsboro, OR: $23 - $26 hourly + commission
Benefits options include:
- Traditional medical, dental, and vision coverage
- 401K matching up to 5% per pay period
- Accrue up to 17 days of Paid Time Off your first year of employment
- 11 paid federal holidays
- Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
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First Tech is not currently offering Visa transfer/ sponsorship for this position
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